The Arizona champion., 1887-07-16
ANOTHER PLAN.

VI AhS "@st S~Sea sN have mania for projecting cattle companies on a colossal scale, which fall through before they come to maturity. The fact is, It is anything to beat the Chicago ring. The stock growers have so long been robbed by this gang of irresponsible thieves, without having and means of protect. ing themselves. that they are ready to jump at any plan that seems to promise them redress. The Ameri- can Cattle Trust company has fallen through; that, required too much blind confidence on the part of stock men, and too much "irrst" in the few men who proposed to manage it. It was, in short, an atte mpt to fight \ big monopoly by creating a bigger one and the poor cattlemen might have found in the end that the mon- ster they helped to create was worse foe than that they wished to suppress,
 Governor o. H. Hadley, of New Mexico, now proposes another plan, and 1t must be admitted that any sug. gestions from him are entitled to care full consideration, as he is chairman of the committee appointed at the last meeting of the international range associat ion to investigate this subject and propose a plan of relief. A sum of Sac, 1000 was placed at the disposal of this committee to pay the expenses of the investigation thus giving them ample funds to personally attend to the matter by giving their time and ability to unraveling all ,he intrica. cies of the business.
 When stated briefly, the governors plan is something like this! To or. ganize and incorporate a company lnot Trus,) to purchase aud sell beeves-large enough to cover the entire beef business. The incorpor- atorS 10 consist ot three men from each of the cattle growing states and territories, these to be selected by the cattle growers assembled in con. vention at their capital, that the in, corpora,ars so elected meet on giv. en day at central point, perfect the organization. elect officers, prepare reg Jlations and do such business as they are empowered to do. The plan suggests that each cattle grower sub. scribe in proportion to the beeves he expects 10 ship annually, ID be paid in five years, two dollars each year on each head shipped. 'rne shipper not to be under any obligation To sell 10 the company. but to have the privilege Of selecting any market he chooses, where the company will sell them to the best advantage.
 As an illustration the principle upon which the plan is based is the same as if man should tfcr his property q: auction and 6nding that an unfair combination was heins made 10 pur- chase Il al less than it's value, to ar. range with some party to step in and make the purchase, The prop lsed or- ganizatiun is similar to that party. The Chicago ring has been powerful enough to drive or buy all other buyers out of the market and then purchase at iis own price. Governor Hadley's plan is to make a corpora tion so strong that it cannot be bull dozed, that will step in and buy cat. the at fair price, when the combi- nation attempts to force the price down. It may be asked, how can the proposed company afford to give a much higher price1 The answer i, simple. According to reliable author ity, the Chicago combination have
 been making sro head profit by ma.
 nipulating the market. If the pro- posed company eau make a profit oI